This is a weekly digest of news about investment and business development in Ukraine from the UkraineInvest team

The IMF Mission to Ukraine has started working on the second review of the Extended Fund Facility program – National Bank of Ukraine.
During the second review of the EFF program, Ukraine’s progress in fulfilling its commitments under the Memorandum of Economic and Financial Policies will be discussed.
https://shorturl.at/bgkB2

Donors have pledged over EUR 322 mln to the Energy Support Fund for Ukraine.
So far, EUR 192 mln has actually been transferred to the accounts of 15 donors. Public and private donors from Germany, the United Kingdom, Sweden, Austria, Iceland, Spain, Denmark, the Netherlands, Hungary, as well as the European Commission and the Regional Energy Regulators Association (ERRA) have joined the energy support for Ukraine.
https://shorturl.at/fhxFT

French businesses are interested in investing in construction, energy, logistics, pharmaceuticals, and the financial sector.
Investors from France plan to increase private investment in key industries, and Ukraine, in turn, will facilitate cooperation between companies from both countries and expand support for small and medium-sized businesses.
https://shorturl.at/cezBW

Ukrainian-Dutch Cloudprinter has raised USD 2 mln.
The investment will be used to develop a service for print service providers. A significant part of these funds is intended for the Ukrainian office.
https://shorturl.at/dlmEG

Parliament of Ukraine adopts State Budget for 2024.
It envisages revenues of UAH 1.77 trln, expenditures of UAH 3.35 trln, and a budget deficit of UAH 1.57 trln.
https://shorturl.at/alvI6

State-owned banks accounted for 65% of banking sector profit in 9 months.
Thanks to this, the government will receive record dividends.
https://shorturl.at/mCV69

Ukrgasbank opens a UAH 93 mln credit line to Fozzy Group for importing products.
As part of the agreement, the bank has already issued the first letter of credit for the import of fresh fish from Norway to Ukraine.
https://shorturl.at/axDN2

The Government of Ukraine has improved the procedure for providing grants for starting or developing a business.
The innovations expand the possibilities for using grant funds, reduce the number of documents required to be submitted to the bank to confirm expenses, abolish the maximum amount of grants to be provided during one application period, and clarify a number of provisions for veteran entrepreneurs, which simplify the receipt and use of grant funds.
https://shorturl.at/adhBH

One of the most powerful ways to communicate that foreign businesses can and do operate successfully in Ukraine is through the voices that matter most to potential investors – those of other businesses.
We would like to invite you and your company to be featured on UkraineInvest’s web site as a “success story” of a foreign business operating in Ukraine.

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